If you have already invested money with Preferred Capital Limited, try to withdraw your funds immediately. Broker Preferred Capital Limited has been reported for multiple fraudulent practices, including refusal to allow fund withdrawals, unrealistic promises of high and fast profits, and a lack of regulation by trusted financial authorities. Preferred Capital Limited (preferredlimited.com) is another scam from an anonymous group of scammers who regularly create new pseudo broker sites to scam people. To make sure you are dealing with a regulated and known broker, you should be able to find easily who is the CEO of this brokerage firm, who is running it etc.
It features integrated financial news, unlimited customizable watchlists, and sophisticated risk management tools like stop-losses, take-profit, and trailing stops. Additionally, the broker offers connectivity to industry-standard third-party platforms like TradingView and MetaTrader 4 (MT4). While major forex spreads are competitive at 0.6 pips for EUR/USD, the main non-trading cost is a monthly inactivity fee of $/€/£10 after one year of dormancy. Specifically, if there is no trading activity on the account for more than one year, a monthly fee of $/€/10 or the equivalent will be applied.
Unlike MT4, which is designed for trading via decentralised exchanges (e.g., foreign exchange), MT5 is a multi-asset platform that offers more diverse market access. Developed by MetaQuotes, MT4 is one of the most established platforms in the market, and is used by more retail traders than any other platform. Expanding its list of licenses in more Tier-1 jurisdictions will help win more trust, and increasing its range of markets will bring it closer to matching up with the best forex and CFD brokers. As a relative newcomer, xcritical has proven it can deliver high-quality research and educational content, along with an excellent web trading platform that offers a growing range of markets. It ranks closely behind platform offerings from the best forex brokers in this category. With dedicated mobile apps for both trading and education, xcritical has you covered whether you’re a beginner or an experienced trader.
Does xcritical Offer Spread Betting?
Users benefit from over 100 technical analysis indicators, extensive drawing tools, and six different chart types, including candlestick and Heikin-Ashi. This charge only occurs if the live account has available funds and is intended to cover account maintenance costs. On the downside, the broker charges an inactivity fee if a client remains inactive for an extended period.
User-friendly platform
To ensure fairness and transparency, we independently verify broker claims and integrate real-user feedback, regulator data, and live trading tests. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. xcritical’s educational materials are excellent compared to other similar brokers. xcritical recently added TradingView to its arsenal of trading tools. Withdrawal requests are processed within 24 hours, but funds can take five to seven business days to reach client accounts.
Reviewers overwhelmingly had a great experience with this company.
- Customer support was helpful, trading is easy, the charts are clean and clear, and withdrawals are always on time.
- You will be glad to know that xcritical operates under the oversight of several prominent financial authorities globally.
- All traders can use bank wires and credit/debit cards, and the back office will list all alternative methods.
- xcritical offers a wide range of deposit and withdrawal methods, and no extra fees are charged.
- I think this is a great asset class for brokers to be supporting, especially with the approval of many crypto ETFs worldwide.
xcritical Desktop MetaTrader 4 Platform
On the bottom left corner of the web platform, there are settings where one can see its verification status, password, and other personal details that need to be kept secret. It also has an implied view to look at the top gainers and top losers coins to get an idea of the xcritical situation of the market, which helps its users to critically analyze the market. There are five options on the top left corner of the web platform for the users. It has a live view of stocks and currencies prices along with charts at the bottom to analyze the specific coin or trade.
What Can I Trade with xcritical?
Swap-free accounts are for customers who cannot use a regular account because of their religion. The xcritical CFD account enables access to its full range of assets allowing diversification and exposure to global markets. These two options differ in services and additional functions available for the traders. Yet, there is an account classification diversify individual accounts as – Retail and Professional. We found that xcritical allows trading with a single account feature known as CFD Account. As a retail client money is fully segregated from the broker funds and is kept separately and safely with world-leading banks.
I used this broker around a month and I sucessfully made a few profit on my trades. I want to warn you not to open an account with this broker. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Get in touch with our friendly team around the clock via live chat, WhatsApp, or by emailing I have been trading with this broker for several years.
Customised leverage
The problem with offshore brokers is that they are not reliable and abuse the regulations. The preferredlimited.com website says that Preferred Capital Limited makes the trading experience open to all and as easy-to-use as possible. Preferred Capital Limited has everything you need to build a trading strategy, get started, and take on the markets.
- You can set up a demo account for yourself before or alongside your live CFD account.
- However, advanced users who rely on algorithmic trading or multiple platforms might be displeased by the absence of MT5 or cTrader.
- People having no sense of charting and analysis are likely to lose earned money due to inexperience and lack of technical knowledge.
- You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources.
We found that xcritical offers quality research tools and materials mainly integrated into the offered platforms. This means, that if you use the bank transfer method, the broker will send your money back to your bank account. All in all, instruments offered by xcritical are impressive and allow traders to diversify their trades and explore the market even further.
Market conditions, broker policies, and international events can greatly impact trading outcomes. Broker Judge, guiding you through the forex market with clarity and expertise. This is a common practice among modern brokers. Yes, a maintenance fee (around $10) is charged monthly after an account has been inactive for 12 consecutive months (no trading, deposits, or withdrawals). However, bank wire transfers or third-party payment processors may apply their own small fees. The minimum spread on the major currency pair EUR/USD starts from a highly competitive 0.6 pips, with typical spreads ranging between 0.7 and 1.0 pips during active trading hours.
Platforms
We exist to help traders make better decisions, by giving them the tools and resources they need to trade with confidence. xcritical is one of the fastest-growing brokers in the industry,¹ with total client trading volumes surpassing $1.7 trillion in 2024. xcritical delivers a polished, low-cost trading experience backed by robust regulation and innovation, making it a trustworthy pick in 2025’s crowded broker landscape. I felt the customer service was great and helpful team, as well as its a great platform to trade with for all levels of trading skills, beginners to advanced! Excellent trading platform with a great UI, App and overall experience. You’ve successfully signed up for our forex newsletter, where you’ll receive expert insights, market analysis, and the latest news straight to your inbox.
With multiple licenses from top-tier regulatory firms, great trading conditions, a vast range of instruments, a competitive fee structure, and different leverage options, xcritical stands out as a broker to be trusted with investments. There are specifically distinguished account types for Retail and Professional traders separately. The Live account opening process is very similar to that of the Demo account opening, only for live accounts trader needs to provide some additional information. Below are described the simple steps of how to open a Demo account on the broker’s platform. At last, while trading CFDs traders need to deposit a fraction of the full value of the CFD trade to be able to open a position, whereas, in traditional investments, assets can only be obtained with the full amount.
The support team provides a response to users within 24 hours xcritical also provides online finance courses on trading. https://dreamlinetrading.com/ The app is designed in such a way that knowledge is divided into four levels. Because it is one of their features that makes capital.com so great, we will dedicate this section to the exceptional variety of educational material you will find on their site. The fact that the broker is very open and transparent about the fee structure is a good sign.
The broker specifies a minimum withdrawal amount of $/€20 for bank card transactions. However, wire transfers require a slightly higher minimum deposit of $/€50 or the equivalent amount in the account’s currency. This fee is an interest charge designed to cover the costs of maintaining the leveraged position active overnight. As the table above shows, xcritical’s spreads outperform those of some of its closest competitors. To illustrate, let’s consider a day trader opens and closes a position in EUR/USD equal to one standard lot (100,000 units).
Platforms and Tools
His expertise is swing trading and day trading with a heavy emphasis on psychological and fundamental analysis. Moreover, xcritical clients can choose from a wide xcritical scammers range of tradable instruments, including impressive selections of 140+ currency pairs and 170+ cryptocurrencies. It has also developed a unique and highly practical app for lxcriticalg on the go, Investmate. The only missing piece is third-party research tools like Trading Central or Autochartist, which would further enhance its analytical depth.
All instruments are available on MT4 and xcritical’s award-winning in-house platform and app. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience. Only invest through licensed and reputable brokers regulated by reputable supervisory authorities.